The difference is what you're agreeing to when you sign on the dotted line (even if that signature is now digital).Īfter you've shopped around and identified which CD(s) you'll open, completing the process will lock you into four things: Opening a certificate of deposit (CD) is very similar to opening any bank deposit account. For example, if the rate is 5.50% for a 1-year CD, the bank or credit union will pay you 5.50% in interest on your money for keeping it in the account, untouched, for 12 months. What Is a CD Rate?Ī CD rate is an interest rate that shows what a bank or credit union will pay you for depositing your money with them for a certain period of time. These accounts are more liquid, so if you feel you may need access to your money sooner, consider a savings or money market account rather than a CD. Many of the banks and credit unions in our best CD rates rankings above also offer high-yield savings accounts and/or money market accounts with competitive rates. Ranked by highest APY, then shortest term, then lowest minimumįor more options, see our in-depth 3-month CD rankingsįor more options, see our in-depth 6-month CD rankingsįor more options, see our in-depth 1-year CD rankingsįor more options, see our in-depth 18-month CD rankingsįor more options, see our in-depth 2-year CD rankingsįor more options, see our in-depth 3-year CD rankingsįor more options, see our in-depth 4-year CD rankingsįor more options, see our in-depth 5-year CD rankingsĭepartment of Commerce Federal Credit Unionįor more options, see our in-depth 10-year CD rankings Right now, the best CD rate across all terms is 6.50% APY for eight months from Financial Partners Credit Union for deposits of at least $1,000 and no more than $5,000. Below are the top CD rates available from our partners, followed by the best CD rates that we've found from our research that are available to U.S. To help you earn as much as possible, Investopedia researches CD rates from hundreds of banks and credit unions every day. When you have cash you want to save for a while and you want to earn more than you would with a standard savings account, certificates of deposit (CDs) that offer fixed interest rates can be a good option. Our methodology consists of reviewing CD rates from banks and credit unions every weekday morning and updating the information below accordingly. Investopedia’s team follows strict editorial guidelines to ensure fairness and accuracy in our coverage. One such event was the inauguration ceremony of the Arthur Ashe Stadium in August of 1997.Ī number of artistes including Jane McDonald, and Teodora Sava have released a cover of the song.The annual percentage yields (APYs) listed below are up to date as of the date of publication on this article. The singer went on to perform the song at several high-profile events. It was also used as one of NBC Sports’ montage after their coverage of the World Series in 1988. The music video of the song featured events from the previous editions of the Olympic Games. In Britain alone, over 400,000 copies of this song were sold few months after its release. It was also a top-five hit in America (the Hot 100) in November 1988. The single quickly became a global hit and peaked at the summit of the UK Singles Chart four weeks after it was dropped. The album was a piece for the Summer Olympic Games which was held in 1988. This classic was the maiden single from its album, which shares the same name as the classic. It’s production was solely handled by a producer in the person of Narada M. Released on August 27, 1988, “One Moment in Time” was written by Albert Hammond in collaboration with John Bettis.
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